Matt 1, Art Cashin 0

On July 2, I wrote:

“And now, watch as I defeat Cashin, mano-a-mano.”

And now, I am victorious once again over another NYSE floor-trader. Art “Flash Crash” Cashin warned that the market was in danger of another Flash Crash due to mutual-fund redemptions. I took the other side of the trade, and said that such redemption washouts were great buying opportunities in the past.

What happened when the market reopened the following week?

BANG!

That’s what.

Or as the Wall Street Journal headline screamed: “Dow’s Surge: 452.51 Points in 3 Days“.

How do you like me now?